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NLC India gets nod for JVs with RVUNL for RE sectors

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NLC India’s (NLCIL) Board of Directors has approved two significant joint ventures to expand its footprint in both thermal and renewable energy sectors. The first joint venture will be with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to establish a lignite-based thermal power station in Rajasthan. This venture will also include the development of associated lignite mines to ensure a steady fuel supply for the power plant. In addition, NLCIL has received preliminary approval to create…

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Adani Energy and Sterlite secure ISTS projects from RECPDCL

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REC Power Development & Consultancy Ltd (RECPDCL), the bid process coordinator, has transferred two interstate transmission system (ISTS) project special purpose vehicles (SPVs) to Adani Energy Solutions Ltd (AESL) and Sterlite Power, under the tariff-based competitive bidding (TBCB) mechanism. The first project SPV, Khavda IV A Power Transmission Ltd, has been awarded to Adani Energy Solutions Ltd. This project is part of the transmission system for Khavda Phase IV (7 GW) – Part A, located…

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Epic Energy inks agreement to set up 35 MWp solar park in Maharashtra

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Epic Energy, a key player in the solar EPC market, has signed an agreement with Niva Ecotech to establish a 35 MWp (25 MW) solar park in Solapur, Maharashtra. Epic Renewable Projects, a 100% subsidiary of Epic Energy, will spearhead this initiative to develop solar parks across India. The company has identified multiple sites in and around Solapur and is in advanced discussions with corporates to install solar energy plants under the group captive open…

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Indian wind and solar projects see 4 per cent growth in FY24: Fitch Ratings

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Fitch Ratings reported that Indian wind and solar project-finance transactions performed better in the financial year ending March 2024 (FY24), even though overall power generation slightly missed the one-year P90 forecasts. Portfolio-level generation grew by 4% due to new asset additions, with solar generation rising by 2%, meeting the one-year P90 estimate. Wind generation increased by 8%, a recovery from the 5% shortfall in FY23, although it still fell slightly short of forecasts. Cash collection…

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Navratna status granted to SJVN, RailTel, NHPC

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The central government has elevated four public sector companies—SJVN, Solar Energy Corporation, NHPC, and RailTel Corporation of India—to Navratna status. This upgrade, announced by the Ministry of Finance on August 30, brings the total number of Navratna Central Public Sector Enterprises (CPSEs) in India to 25. Out of the four companies, three are publicly traded: RailTel, SJVN, and NHPC. Following the announcement, shares of RailTel and SJVN surged over five per cent when the stock…

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India’s interregional electricity transfer surges by 17.7% in early FY25

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The volume of interregional electricity transfer in India increased by 17.7% year-on-year during the first four months of FY25, reaching 95,410 million units (MU), up from 81,088 MU in the same period of FY24, according to data from Grid Controller of India Ltd (GRID-INDIA). The Western Region to Northern Region (WR-NR) transfer was the largest component, accounting for 40% of the total interregional transfer in FY25, up from 31% in FY24. The Western (WR) and…

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India adds 4,089 MW of solar module capacity to ALMM

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The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 4,089 MW of new solar module capacity. New companies added to the list include Avaada Electro, Laxmi Solar Power System, and Uratom Solar, contributing 554 MW, 121 MW, and 46 MW, respectively. Additionally, three existing companies—Tata Power Solar, Jakson Engineers, and SASA Energy—have increased their capacity in the list by 2,697 MW, 662 MW, and…

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Senvion secures 86.4 MW order from Continuum Green Energy in Gujarat

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Senvion India has received an 86.4 MW order from Continuum Green Energy for a wind project in Gujarat. This order includes a 20-year operations and maintenance contract to ensure turbine performance and durability. The project will utilize the 2.7M130 platform, with turbines installed at a height of 140 meters. This project is part of a larger agreement, with Continuum awarding contracts for five projects totalling 270 MW to Senvion. Deliveries are set to begin in…

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Genus Power secures Rs 44.69 billion contracts for smart meter projects

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Genus Power Infrastructures Limited’s subsidiary has secured three letters of award (LoA) totalling Rs 44.69 billion. The contracts involve appointing advanced metering infrastructure service providers (AMISPs) to design, supply, install, and commission an advanced metering infrastructure system. This includes the deployment and facility management of approximately 5.59 million smart prepaid meters, including distribution transformer meters, on a design, build, finance, own, operate, and transfer basis.

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APTRANSCO invites bids for 220/33 kV GIS substation in Rangareddy district

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The Transmission Corporation of Andhra Pradesh (APTRANSCO) has invited bids to commission a 220/33 kV Gas Insulated Substation (GIS) at Nemalinagar in Rangareddy district.  The project includes the loop-in loop-out (Lilo) of the 220 kV Shivarampally-Gachibowli overhead line to the proposed Nemalinagar GIS substation. The scope of work involves using a 220 kV, 1,200 sq.mm. underground (UG) cable for 3 km, and an overhead (OH) line on a 400 kV multi-circuit. The project is valued…